Average square foot calculated using Size range provided by listing agent.
Description
Kitsilano Beach 11 unit walk up apartment building including Penthouse, only 2 blocks from Kits Beach and Pool. Panoramic views of the beach, mountains and city from the upper units and the Penthouse. 5 units including the Penthouse are presently untenanted, allowing you to choose your own tenants at current market rents. Potential 4% + CAP rate. RM-4 zoning allows 3.1 - 3.5 FSR. This location is extremely desirable to renters and the ongoing expenses to you will be minimal. Well maintained. Units boast newer cabinets, double glazed vinyl windows (2012) with blinds, hardwood floors, modern fixtures and balconies. 4 parking spots off the back lane. Boiler replaced in 2010, Roof 2012, exterior paint 2023. Part of the rooftop is a shared deck for the tenants. Some of the units come furnished. One bedroom Penthouse with private deck (vacant), one bedroom and large den (vacant), three one bedrooms (vacant) and six one bedroom apartments rented. Earn a decent return now with huge potential in the future. (id:58753)Show Description
MLS® NumberC8071142
Locker
Ensuite LaundryNo
Balcony
Furnished
Laundry Level
Exposure
Exterior
GarageNo
Approx. Age1957
Stories
Pets
Corp Number
Included in Maintenance Fee
Heat
Hydro
Water
Building Insurance
Condo Taxes
Cable TV
Central Air
Parking Maintenance
Utilities
Heat
A/C
Heating Fuel
Extras
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